Lotte REIT Co Ltd 2024 AR2
The report highlights LOTTE REIT's performance in 2024, during which its assets under management grew to KRW 2.6 trillion following the acquisition of L7 Hotel Gangnam Tower and preferred shares in DF Tower. The company achieved a 7.1% increase in revenue to KRW 125.6 billion and an 83.3% increase in net income to KRW 16.5 billion. LOTTE REIT successfully executed KRW 828 billion in low-interest refinancing, leveraging its strong AA- credit rating to optimize its capital structure. Additionally, the company maintained a stable dividend yield of 7.06% and expanded its non-retail asset share to 16% as part of its mid-to-long-term diversification strategy.
Company: Lotte REIT Co Ltd
Sector: Financials
Country: South Korea
Year: 2024
Type: AR2
Pages: 61
Lotte REIT Co Ltd
Annual Report
The report highlights LOTTE REIT's performance in 2024, during which its assets under management grew to KRW 2.6 trillion following the acquisition of L7 Hotel Gangnam Tower and preferred shares in DF Tower. The company achieved a 7.1% increase in revenue to KRW 125.6 billion and an 83.3% increase in net income to KRW 16.5 billion. LOTTE REIT successfully executed KRW 828 billion in low-interest refinancing, leveraging its strong AA- credit rating to optimize its capital structure. Additionally, the company maintained a stable dividend yield of 7.06% and expanded its non-retail asset share to 16% as part of its mid-to-long-term diversification strategy.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
No data available